Centum Investment Group #ticker#CTUM has put on hold plans to buy stakes in companies and is shifting money in government bonds to avoid losses in Covid-19 environment.
The listed investment firm has sold stakes in firms such as Almasi Beverages Limited, Nairobi Bottlers Limited and King Beverages Limited and delayed fresh acquisitions following disruption triggered by the pandemic, that has made it difficult for deal makers to value firms on the strength of future earnings.
